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Reliance Industries Limited ( (IN:RELIANCE) ) has issued an announcement.
Reliance Industries Limited, through its subsidiary Reliance Strategic Business Ventures Limited, has acquired a 49% stake in Oval Invincibles Limited, a cricket franchise in The Hundred tournament, from the England and Wales Cricket Board for GBP 60.27 million. This strategic investment marks Reliance’s entry into the sports franchise sector in the UK, potentially expanding its influence in the sports industry and diversifying its portfolio beyond traditional sectors.
More about Reliance Industries Limited
Reliance Industries Limited is a major conglomerate based in India, operating across various sectors including petrochemicals, refining, oil, telecommunications, and retail. The company is known for its significant influence in the Indian market and its strategic investments in diverse industries worldwide.
Average Trading Volume: 645,082
Technical Sentiment Signal: Buy
Current Market Cap: 20926.6B INR
For detailed information about RELIANCE stock, go to TipRanks’ Stock Analysis page.